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downpayment
I converted the BTC to USD via the exchange where I bought it. its a cheap house, and only 10% down... so only $7250 worth of BTC was sold, as the rest was in cash already on hand.
I DCA'd out of BTC into cash over a couple weeks. because that's how I got into it and I just don't want to fret about the price... once I knew the plan and the amount necessary, I just did the thing. somebody recently said "you can't live in a bitcoin" and that sorta stuck.
because of details I won't share, I didn't need to explain the source of those funds to the lender.
the lender was a traditional loan originator, I may work with this lender in a different capacity if my work and savings plan ends up setting me up in the way I want.. for now, I'm not interested in an 'investment' property, but there is a nearby house which could be a good, short term home if this one ends up catching a remodel, or if friends come to stay for extended period.
startup
yes, very interested to share about this, but gonna do it with some coordination
"you can't live in a bitcoin"
It depends where you live, and the community you are surrounded by. But it's true that for the majority of us is still a really hard job to live in a bitcoin standard.
I'm not interested in an 'investment' property, but there is a nearby house which could be a good, short term home if this one ends up catching a remodel, or if friends come to stay for extended period.
You could also monetize it somehow else. the strategy however make sense. Thanks for sharing and look forward to read about the startup :)
portion of a downpayment on a house.
and I invested in a friends startup... more notes on that forthcoming